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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not 7 I4 G7 W6 t3 B3 g7 Q: C9 h
expect much from Crude Oil producers and future is not with the & [( h1 O4 y" R
companies producing Jet fuels but Biofuels. Also no wonder if some of 5 W1 ]6 d# n" y) e) i( B# d
these oil producer will go bankrupt or out of the business even if
) }' O; \% H5 d+ N2 |crude prices improves. This implies also to good names such as Shell, + j! m& k, Q0 G- I
EXXON, BG, BP, Cheveron ....xyz.. oils 8 i. I0 E9 E- g, s4 t: S
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Recently OPEC reduced crude oil production twice over just a few
9 H. b4 z2 {, X5 u' \" Omonths. There are three wars going on in Gaza, Iraq and Afghandistan. & s8 k4 `$ i/ b5 \5 E2 H# W
A year ago these things would have spiked the price of crude oil by at
& z1 `& o. C; k/ z+ `: K, eleast $50.00 per barrel. Today, oil price declined by a record amount. 1 q' t% @  Z: b7 f
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There are several reasons the price of oil is decreasing in the face $ E$ [2 O! L) b: B* x1 @' j. q
of so much news. These reasons are: 3 K) L4 r3 V; Q0 c6 y5 b8 Q
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1. New oil has been found in Canada, Montana, North & South Dakota and
" ~( t1 m$ ~  _3 b2 x% xin the ocean near Brazil. Each of these oil fields has more oil than
! l4 J9 i  W- PArabia.
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2. New natural gas has been found in Pennsylvania and West Virginia.
8 p" W0 Y2 I- l, A3 gThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
( f8 t* S3 M* Z* C( Ebeing used to double their output. 3 N  h+ I3 J( v8 R

1 o( x( j' C8 ?
. t8 A1 G& m$ T7 l) K9 ]4. Production of bio-fuels is beginning to reach critical mass. Bio ) [: P3 c6 S$ Q7 ]
fuel is being produced from many plants and algae. The production
" _' f8 e# p8 ~% f# f; \potential per acre in some cases is astounding. Many countries are
& y  E2 B* b' eracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants : O& Z' h1 s5 a7 A8 d2 o
are now selling their used oil to bio-diesel producers. Every pork,
. j5 \, N, }1 K& Q( Tcattle, turkey and chicken processing plant will soon sell their fat 0 B7 @' F. d2 {+ M9 q& w' r: M% u# P
to bio-diesel producers. One pork processing plant in Oklahoma is ' T& Z" o/ Q- a: q" e& v* n2 \
producing 30,000 gallons of bio-diesel per day from pork fat. - O( l$ w  ]$ G/ a
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6. There are 99 nuclear reactors in various stages of planning and
$ {3 [' W! e% Qconstruction around the world at this time. Several hundred more are
# X5 h+ I3 t7 r4 L0 w5 X2 Q0 aexpected to be built in the future. Much of the energy they produce
7 I! d2 K( O" Kwill replace oil.
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7. Every company in any form of transportaion business is replacing
5 _8 K$ ?, ?' k; volder equipment such as trucks, airplanes, train engines, ships, etc. 6 u6 B2 u5 B! ?4 y# t! L
with new more fuel efficient equipment. Airlines and railway companies
5 V  o5 q% y, D+ B2 oare experiencing 20% to 25% better fuel econony with the new 3 W- j7 _' [  ?
equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio- : ~6 k5 k( R  T! G% B! h9 g
fuel is cleaner and performs better than jet fuel. 2 ~' E9 R2 {  o, c5 P9 P

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8. Cities and counties throughout the US are selling the rights to
" v, _4 h1 z0 ~7 G; h7 _6 g9 G! Lcapture methane gas from landfills. This is a huge source of gas 7 v. A5 F3 d$ _  D9 w
available at very little cost or risk. The gas is displacing crude . ^2 Q  K7 C7 |2 l4 D2 ~4 K! ^
oil. ' I$ g) @& N# e& N( H4 ]
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7 o# v! E! S, W. d4 ]9. Coal is being transformed into a clean burning liquid fuel. The CO2
5 V1 N) T$ U6 jproduced as a byproduct is sold to oil companies for injection into
" _8 }; Q  Q$ f: Noil wells. , Q% y( q! V1 W. o0 v+ ?
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10. Solar, wind and ocean energy is displacing oil as an energy 6 j2 D+ ?9 [9 a" M
source. Three new wind turbines are being erected every day in the US.
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* U- o5 i6 Z8 i* p. \2 R9 m3 N- }Each of the above by itself will not make a large difference in the 8 ^5 j1 ~9 V* F6 O2 U/ ]9 X
price of crude oil but the sum of all of them together is world
( N( H/ }$ Y7 t5 X& Wchanging. The important thing is that OPEC no longer has the ability
' N: {8 l" b4 ^2 A2 S- xto control oil prices. * L# p5 o' c& r6 z& Q

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With the above scenario, I still believe that there are under 0 C& g* D! S9 b  p3 Y& |  e
performed OIL companies and probably they are yet to get the justified
: X: |2 l( e+ L! R& i9 D1 U3 ?value ..... 5 x" _; _% ^) b
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 2 m2 R  Y, h* \- I, Y
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN 0 l: q; O, c9 A1 w: H* f
2009 ... FYI-Only
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